The analysts forecast global premium chocolate market to grow at a CAGR of 7.28% during the period 2018-2022. One trend in the market is demand for organic, vegan, sugar-free, and gluten-free chocolates.
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With the growing awareness of the negative effects of synthetic products on health and the environment, most health-conscious and informed consumers have started using organic products.
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This also applies to the premium chocolate sector.
Major key players in the global premium chocolate market: Chocoladefabriken Lindt & Sprüngli, Ferrero, Mondelēz International, and The Hershey Company.
According to the premium chocolate market report, one driver in the market is new product launches. With increasing popularity of the premium segment, the number of product launches in the premium chocolate category is rising.
Between 2011 and 2015, the number of product launches in the premium chocolate segment grew by over 70%, globally. In 2015, nearly 7% of chocolates launched were labeled premium.
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Further, the premium chocolate market report states that one challenge in the market is fluctuating price of cocoa beans. One of the most important challenges for the growth of the market is the fluctuating price of basic raw materials that includes cocoa beans, milk powder, and sugar.
In 2016, the price of cocoa beans increased by nearly 1% from 2015. The price of premium chocolate is higher than other conventional chocolates and rising cost of cocoa beans will lead to further increase in the cost of production.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Global Premium Chocolate Market 2018-2022:
Exhibit 1: Parent market
Exhibit 2: Global premium chocolate market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Global premium chocolate market: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global premium chocolate market 2017-2022 ($ billions)
Exhibit 9: Global premium chocolate market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Global premium chocolate market: Segmentation by product 2017-2022 (% share of revenue)
Exhibit 19: Comparison by product
Exhibit 20: Global dark premium chocolate market 2017-2022 ($ billions)